Healthcare Informatics Market Segmentation
By Type (Clinical Informatics, Pathology Informatics, Imaging Informatics, Pharmacy Informatics, Others), By Application (Hospitals, Specialty Clinics, Pharmacies, Research Labs, Others), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), Vendor Landscape, End-Use Landscape, and Competitive Landscape
Healthcare Informatics Market Insights
The demand for healthcare informatics is expected to grow at a high CAGR from 2017 to 2025. Increase in government spending in developing & upgrading healthcare infrastructure and expanding hospital network is expected to boost the demand for informatics in the industry.
The need for an integrated system to diagnose, interpret & analyze, treat and record data is expected to increase preference for healthcare informatics. These systems helps healthcare provides deliver accurate treatments by analysis past records and treatments. Stringent regulations implemented in the North American and European region pertaining to safety and confidentially of patient information is also anticipated to foster market growth over the coming years.
Healthcare Informatics Market: Type Insights
On the basis of type, the healthcare informatics market is segmented into clinical informatics, pathology informatics, imaging informatics, pharmacy informatics, and others. The demand for clinical informatics is projected to grow at a high CAGR from 2017 to 2025. Growing investment by the government and private sector in expanding hospital network and adopting electronic health record (EHR) systems is projected to boost market demand over the coming years.
These systems reduce operating cost and improve quality of treatments and services at a healthcare facility. High demand is expected to arise due to need for integrated data repository which can also benefit professionals in the research field by sourcing data from various repositories.
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Healthcare Informatics Market: Application Insights
On the basis of application, the healthcare informatics market is segmented into hospitals, specialty clinics, pharmacies, research labs, and others. The demand for informatics in order to provide improved treatment and access to medical records in hospitals is anticipated to augment market demand over the coming years.
Applications in pharmacies and medical dispensaries are also projected to grow exponentially over the coming years. Integrations and digitalization will help pharmacies enhance performance and reduce service time. The increasing demand for electronic health record (EHR) systems in other specialty clinics and hospitals is projected to foster market growth.
Healthcare Informatics Market: Regional Insights
The demand for healthcare informatics is expected to grow at the highest CAGR in countries such as China, Japan, Australia, India, and Singapore. Rising investments in developing and upgrading healthcare infrastructure is anticipated to boost demand for healthcare informatics over the coming years. The need to improve and integrate healthcare access and medical information is expected to drive demand for these services in developing Asia Pacific countries.
The North American and European market is anticipated to hold a large share in 2016 and is expected to growth at a significant CAGR from 2016 to 2025. The need to treat patients accurately and access to historical medical records is anticipated to boost market growth in these regions. High healthcare spending in countries such as the U.S. and Canada are projected to positively impact market growth.
Healthcare Informatics Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase healthcare informatics over the coming years. Some leading consumers in the market include Mayo Clinic, Cleveland Clinic., and Johns Hopkins Hospital among others.
Healthcare Informatics Market: Competitive Landscape
The global healthcare informatics market include major participants such as Accuro Healthcare Solutions, Agfa HealthCare Corp., 3t Systems Inc., Adaptis, Allscripts, Axiom Resource Management Inc., Amcom Software, Cardinal Health, Cognizant Technology Solutions, Cerner Corp., Benchmark Systems, CNSI, and Companion Technologies.
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